Cars That Are Set To Plummet In Value This Year

Published on 01/17/2019
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Chevrolet Express

While this might not be a very common car to own, the 2015 Chevy Express is a cargo van that can be suitable for business owners. The one variable that may keep you from buying this van is its cost-to-own almost double than the cost to purchase. In addition, its depreciation in the first year is a whopping 37%. This might be attributed to the fact that the newer model is almost identical, with a few new upgrades available.

Chevrolet Express

Chevrolet Express

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Chevrolet Impala

Despite the fact that the Chevy Impala is a popular and well-known car, it depreciates very quickly. The reason being that it’s one of Chevy’s fleet sales lineup. Meaning that they manufacture thousands of this car, intended to become company cars or rentals. In other words: they are seriously oversupplied. This model offers nothing unique or rare, and with the number of Impalas on the market in comparison to the demand for midsize sedans, the value of this car has plummeted. The demand for this type of car is shrinking, resulting in this devalue. Last year’s model began at $27k is now worth 33.5% less today.

Chevrolet Impala

Chevrolet Impala

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